MMT – Letters from America
It was Victor Hugo who said that all the forces in the world are not so powerful as an idea whose time has come. In the US, inequality and collapsing capitalism means the idea of embracing a socialist politician is gathering momentum.
The cynical stock response to how socialism can deliver on its economic promises is to ask, “but how do you pay for it?” Economists advocating Modern Monetary Theory say it is the way to fund vital public services.
Host Ross Ashcroft travels to New York to meet with Bernie Sanders’ economic adviser, Professor Stephanie Kelton, to ask what MMT can deliver and if America is ready for a new socialist American dream.
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